Western Copper and Gold Provides Casino Update and Announces AGM Results

Western Copper and Gold Corporation (TSX:WRN, NYSEMKT:WRN) announced an update on its Casino Project and to announce the voting results from the Company’s Annual General Meeting held in Vancouver, British Columbia.
As quoted in the press release:

ANNUAL GENERAL MEETING
A total of 30,783,846 common shares were represented at the AGM, representing 32.67% of the votes attached to all outstanding common shares as at the record date. All of the matters submitted to the shareholders for approval as set out in the Company’s notice of meeting and information circular, both dated May 13, 2016, were approved by the requisite majority of votes cast at the AGM.
CASINO PROJECT UPDATE
Western submitted the Casino Project Proposal (the “Project Proposal”) to the Yukon Environmental and Socio-economic Assessment Board (“YESAB”) for assessment in January 2014. On February 18, 2016, the YESAB Executive Committee informed the Company that it is requiring that the Casino Project be reviewed by a panel (the “Panel Review”), the highest level of assessment carried out by YESAB. The first step in the process is for YESAB to provide Western with a list of required information through the release of the Environmental and Socio-Economic (“ESE”) Statement Guidelines.
Western received the ESE Statement Guidelines on June 20, 2016 and is developing the schedule and budget required to meet the guideline requirements and prepare its ESE Statement. Once the Company submits its ESE Statement, YESAB will have 15 months to review the application and issue a decision.
Western continues to work with Federal, Territorial and First Nation governments on various aspects of the Casino Project. The Company has worked closely with the Territorial government on their submittal of the Yukon Resource Gateway Project proposal to the federal government under the National Infrastructure Component (NIC) of the New Building Canada Fund earlier this year. This proposal requests federal funding to support road construction that would directly benefit the Casino Project.

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